After ending yesterday at 143.36, Dollar/Yen increases slightly to 143.36 (up 14,335 pips) .
A good end to the trading week, USD/JPY is up to 143.36, after closing yesterday at zero. Overall, a 0% move or 14,335 pips this week. (Start trading Dollar/Yen at FXTM today).
Dollar/Yen upside coincides with further encouraging market factors as highly important Crude Oil Inventories data from United States beat analyst expectations of 2.16 million with a reading of 1.14 million.
On the flip side, highly important Initial Jobless Claims data from United States beat analyst expectations of 218,000 with a reading of 213,000.
Meanwhile, Japan CFTC JPY speculative net positions released today at 19:30 UTC with a figure of -81,300, while the previous figure was -80,700. Japan Interest Rate came out at -0.1, while a consensus of analysts was expecting -0.1. United States Interest Rate came out at 3.25, while a consensus of analysts was expecting 3.25.
The market is looking forward to the release of new data: projections for Japan Industrial Production are set for a continuation of decline with 0.2% while previous data was 0.8%; data will be released Thursday. Japan Retail Sales is projected to outperform its last figure with 2.8%. It previously stood at 2.4%; data will be released Thursday. Japan Services PMI is expected Monday.